The demand for good X is estimated to be Q=10,000-4Px + 5Py + 2M+Ax where Px is the price of X, Py is the price of good Y. M is income, and Ax is the amount of advertising on X. Suppose the present price of good X is $50, Py = $100, M - $25,000, and Ax=1,000 units. What is the quantity demanded of good X? Multiple Choice 61,500 61,300 61,300-4Px 61.500-4Px

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Chapter4: Supply And Demand: An Initial Look
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The demand for good X is estimated to be Qxd=10,000-4Px + 5Py+2M+Ax where Px is the price of X, Py is the price of good Y. M is income, and
Ax is the amount of advertising on X. Suppose the present price of good X is $50, Py=$100, M - $25,000, and Ax=1,000 units. What is the quantity
demanded of good X?
Multiple Choice
61,500
61,300
61,300-4PX
61,500-4Px
Transcribed Image Text:The demand for good X is estimated to be Qxd=10,000-4Px + 5Py+2M+Ax where Px is the price of X, Py is the price of good Y. M is income, and Ax is the amount of advertising on X. Suppose the present price of good X is $50, Py=$100, M - $25,000, and Ax=1,000 units. What is the quantity demanded of good X? Multiple Choice 61,500 61,300 61,300-4PX 61,500-4Px
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